Warren Questions US AI Chip Policy Toward UAE, Involving Two World Liberty Investments Totaling $2.5 Billion
2026-08-05 21:22
Odaily Planet Daily News: US Senator Elizabeth Warren has asked the US Department of Commerce to explain its policy toward the UAE, after the US granted the UAE greater access to AI chip exports following investments by UAE-linked entities in Trump-family-backed crypto project World Liberty Financial.
A letter to Commerce Secretary Howard Lutnick noted that an Abu Dhabi entity invested $500 million in World Liberty Financial in January; another UAE-linked company used World Liberty's USD1 stablecoin to complete a $2 billion investment in crypto exchange Binance.
The US Commerce Department previously adjusted the UAE's classification to Country Group A:5, granting it more license-free exports, including advanced chips. The department also said it would "actively review" license applications involving exports of chips and servers to MGX, the UAE entity that completed the $2 billion Binance investment.
Warren said the Commerce Department's actions raise serious questions about whether the president's crypto business interests could influence institutional operations and national security. In June, multiple senators including Warren had already requested a hearing on the $500 million World Liberty Financial transaction.
A letter to Commerce Secretary Howard Lutnick noted that an Abu Dhabi entity invested $500 million in World Liberty Financial in January; another UAE-linked company used World Liberty's USD1 stablecoin to complete a $2 billion investment in crypto exchange Binance.
The US Commerce Department previously adjusted the UAE's classification to Country Group A:5, granting it more license-free exports, including advanced chips. The department also said it would "actively review" license applications involving exports of chips and servers to MGX, the UAE entity that completed the $2 billion Binance investment.
Warren said the Commerce Department's actions raise serious questions about whether the president's crypto business interests could influence institutional operations and national security. In June, multiple senators including Warren had already requested a hearing on the $500 million World Liberty Financial transaction.
推薦文章
